Identity & Access Management Market 2023 Development Status, Competition Analysis, Type and Application 2033
The identity & access management (IAM) market size is projected to be valued at US$ 14.4 billion in 2023 and is expected to rise to US$ 49.3 billion by 2033. The sales of identity & access management are expected to record a CAGR of 13.1% during the forecast period. Identity & access management market is highly fragmented with suppliers due to its large clientele and its cost-effectiveness. The increased desire for technological advancements, as well as emerging trends like bring your own device (BYOD) and identity management tools, will increase buyer power even more. As a result of these industry trends, the market has seen a steady increase in spending on security solutions and enterprise mobility. As old cost structures are now being replaced by appealing pricing offers such as usage-based pricing and a subscription pricing to IAM solutions and services, various SMEs are expected to participate in these initiatives. A surge in web-based software, asset management ser